Zepto, the Indian quick-commerce startup founded by Aadit Palicha and Kaivalya Vohra in 2021, has filed for an initial public offering (IPO) that could value the company at around $1 billion. The filing reveals that Zepto's advertising revenue increased by 151% year-over-year to ₹16.4 billion (approximately $171 million) in fiscal 2026, while operating revenue grew by 104% to ₹115.5 billion (around $2.4 billion). Despite this growth, Zepto reported a net loss of ₹59.1 billion (about $617.36 million), up from ₹47.0 billion the previous year, indicating ongoing financial challenges. The startup processed over 640 million orders in fiscal 2026 and expanded its network to 1,139 stores, suggesting strong demand. The IPO plans include raising up to ₹80.1 billion through a fresh share issue and an offer-for-sale of 113.5 million shares from existing investors. However, some potential investors have indicated valuations lower than Zepto's last funding round, raising questions about its public-market valuation. Additionally, the founders have faced inquiries from India's Enforcement Directorate regarding the company's financial practices.